I am beginning to think it feasible that the Directors or other Sub Holders maybe supressing the price.
Assuming that a moderate CR is required to accelerate rollout of remittance app in Latam & maybe India....
& assuming that the Directors/substantial holders want to minimise dilution of their stakes, and also the amount they have to shell out in any CR ...
How best to achieve...?
Strategic selling to cap price. (& possibly also buying to maintain/increase net stake)
Information vacuum to enhance uncertainty
Then..
Announce a CR with heavy discount to already supressed price
But make the record date such that only current holders can play...
Scenario only..but IMO a possibility
Raving
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $32.05M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.7¢ | $36.04K | 960.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 311749 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 189250 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 311749 | 0.036 |
9 | 454999 | 0.035 |
4 | 125000 | 0.034 |
3 | 25000 | 0.033 |
5 | 53471 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 189250 | 2 |
0.039 | 200000 | 1 |
0.041 | 62195 | 2 |
0.042 | 27500 | 2 |
0.043 | 115109 | 4 |
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